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In a decision worth nearly $6 million, a federal judge has ruled that former employees of Mobil Corp. who were not hired by the newly formed Exxon Mobil Corp. after a 1999 merger are entitled to severance pay. The judge found that while the severance plan documents made it clear that such workers would not be eligible for severance, that fact was not included in a "summary plan description" distributed to workers when the merger was first announced.
April 05, 2004 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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